The curtain came down on Dec 9 on the ‘Technology Driving Investment' Chapter at WIM 2020. Technology experts gathered to discuss the role of technological R&D in driving up brand value, and to share their innovation experience in technological development.
On December 9-12, EqualOcean was holding the World Innovators Meet (WIM) 2020. This year, the event's main topic was 'Technology and Innovation Connect the World.' WIM2020 gathered innovators from Asia, Africa, Europe and the Americas to share their knowledge and key achievements, promoting the concept of 'Tech for Equal.'
For the 'Technology Driving Investment' Chapter of the Industry Chapters of WIM2020, EqualOcean invited technology experts from various big names in the technology field, including Beihang University, the University of Science and Technology Beijing, Boke Information and Bot Factory.
According to Tianmiao Wang, Dean of School of Mechanical Engineering and Automation, Beihang University, it is necessary to set up regulation in the AI industry. Although AI is still a hot topic, people's attention has started to shift from theory towards application. From a practical perspective, Wang stressed the importance of regulation and standardization in AI application. Big data will be used in accordance with specific standards and rules. The development trends of AI will be dependent on unmet demands in society, such as healthcare, security, entertainment and intelligent manufacturing.
Digital economy is based on intelligence and automation. To achieve digitalization from the fundamental level, there are three factors to be taken into account. Firstly, large Internet infrastructure such as Cloud networks, 5G and blockchain should be established under the guide of government. Secondly, the landing of companies in different areas involves fast-paced upgrading. Last but not least, under the industry regulation, the digital economy should thrive with the cooperation of different divisions in the technology field, including materials, AI and new energy.
Xucheng Yin, the associate Dean and professor at Artificial Intelligence Research Institute, University of Science and Technology Beijing, believed that the integration of AI production & study & research (PSR) can drive AI development in the long run. In spite of the progress in the technological innovation in AI, there is still room for improvement in system integration. Cross-disciplinary integration can drive the long-term development of AI. In terms of talent training, Yin considered mathematics as a priority over technology. With added practical industry experience, the talents can build up a systematic knowledge network.
Yizhe Wang, the managing director of China Everbright Group, shared his thoughts on technology investment. According to his speech, technology investors should focus on technology itself rather than the commercial mode. To make wise decisions, the investors are supposed to have a profound understanding of technology and the industry. Apart from capital investment, investors should support companies with other resources, such as research and supply chain, to drive corporate development comprehensively.
Yun Xie, the chief scientist of Boke Information, introduced the role of supercomputers in corporate intelligence development. He said that, at present, AI technology has been past the phase focusing on data collection, heading towards a new era in which intelligent recognition will be prioritized. To realize the transformation, traditional frameworks will be replaced by a brand-new intelligent mode, which requires technology practitioners’ innovative efforts. Supercomputers work like a human brain, applying fast and agile AI to solve problems like data-processing to decision-making. In the future, supercomputers will be at the core of corporate intelligence, connecting companies via Cloud services.
Renxian Jian, the founder and CEO of Bot Factory, stressed the importance of self-development for tech companies in his speech, especially for tech startups. Developing technology from scratch can help the company to develop more possibilities in the products. He believed that the intelligent transformation is a great opportunity for corporate development. Driven by digitalization and intelligence transformation, many companies will need reconstruction, which can bring challenges under time pressure.
Bin Wang, the managing director of EqualOcean released the lists and reports of the 'Next 50 in Global Tech: Artificial Intelligence' and 'Next 50 in Global Tech: Semiconductors.' Based on the analyses, Wang stated that at present, investment in AI is running slow but is more concentrated. In terms of AI research, China has made great progress in the academic area, with a growing number of published papers beyond the global average level. In the future, EqualOcean predicts that high performance computing AI chips will be in high demand. Companies specializing in AI are more likely to attract investment.
Liang Chang, the executive director of EqualOcean shared his take on how to make the technology market flourish in his speech. To drive technological application in the next decade, it is necessary to improve regulations and to crystalize the market, so that the investors can really make decisions themselves and get the investment profits that they deserve. With technology and capital investment working in tandem, both the market and economy will thrive in future.
Hosted by EqualOcean, the World Innovators Meet (WIM) (click to watch the online event on December 9-11, 2020) is a global event for innovators. It provides limitless opportunities to learn from and connect with the most sought-after technology pioneers.
The World Innovation Awards (WIA) are announced at WIM to recognize game-changers across various industries and geographies. Selected by a committee of distinguished experts, entrepreneurs and investors, WIA are designed to acknowledge technology disruptors striving to make a positive impact on a global scale.